AMD Stock Drops With AI Chip Peers, Buying Opportunity?

Semiconductor stocks sold off this week after Broadcom's quarterly report disappointed investors, pulling Nvidia and AMD lower. AMD slipped from its early June all-time high with no company-specific news. The case for buying rests on AMD's first-quarter 2026 revenue rising 38% year over year to $10.3 billion, driven by data center revenue up 57% to $5.8 billion. CEO Lisa Sue called the results a clear inflection in the company's growth trajectory.